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Sell Property in Bulgaria

If you are among the many of British people who are trying to sell property in Bulgaria then you have arrived at the right place. We have put together some important tips and services for our readers to assist in achieving a successful sale of your unwanted property.

We are well aware that the struggling Bulgarian property market is seeing only a slight improvement and so many expats have had their properties on the market gathering dust for months or even years in the hope of finding a buyer. Village properties have been hit the hardest as British buyers are now so few and Russian investors who make up for the loss of Brits currently show less interest in buying in villages, preferring the Bulgarian coast and ski resorts.

 

Selling Privately

Quest Bulgaria has a “Property Sales by Owner” directory where we advertise private sales for just 5 Euros for 12 months per property. This includes up to 6 photos and a full description of the property that is for sale. Obviously you will need a reputable lawyer to handle the sale professionally and we can recommend one for you who will ensure a smooth sale with no stress to yourself. This can be handled by power of attorney if the owner will not be present to sell property Bulgaria. Our lawyers can even close down your Bulgarian LTD company so you will no longer have to submit yearly tax returns.

Selling Via an Estate Agent

If you prefer to employ an estate agent to market your property, it’s a good idea to choose a reputable company with a proven long term reputation. Our recommended agents are Best Bg Properties, Constanta Properties and Vratzata Real Estate. These agents all have the ability to take on the responsibility of the sale right through from start to finish including acting as power of attorney on your behalf.

Preparation before Marketing

By marketing your property you will be entering a very competitive market indeed so it’s vital to do your homework to make sure you match your competitors. There are some real bargains out there at the moment so new investors will be faced by a massive number of attractive buys. Do some research by browsing the internet and take a look at websites that sell property in Bulgaria, in particular those sites which show sold properties. This way you can match the price, region and the condition of any given property to gain an idea of what is a reasonable starting price to market your property. The price could be disappointing to some; however this will help to sell the property in the shortest time. You could always advertise the property at what you think it is worth, and then after 6 months or so and depending on how much interest you have received; you then have the option to shave the price a little at a time.

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